Using the first-in, first-out (FIFO)method of inventory valuation will always produce the same results whether a company uses perpetual or periodic inventory.

Question

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FIFO method assumes that the first set of inventory items purchased or produced are sold first, regardless of whether a company uses perpetual or periodic inventory. Therefore, the valuation results will be the same regardless of the inventory system used.

Using the First-In, First-Out (FIFO)method of Inventory Valuation Will Always